Politics

Tuesday, October 7th 2014 - 05:46 UTC
“Blue” dollar in Argentina further plummets as market waits for new rules

The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.
Tuesday, October 7th 2014 - 00:53 UTC
Holdouts insist they want to negotiate with Argentina a solution to bonds dispute

Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing “to negotiate” but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.
Tuesday, October 7th 2014 - 00:43 UTC
Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.
Monday, October 6th 2014 - 21:17 UTC
Dilma retained majority in Congress, theoretically, given the volatility of Brazilian parties

The multi-party coalition that currently supports Brazilian president Dilma Rousseff lost ground in Sunday's election but will keep its majority in Congress following on the results released by the country' Superior Electoral Tribunal, TSE.
Monday, October 6th 2014 - 18:10 UTC
UK protests incursion of Gibraltar waters by Spanish research vessel

The Foreign Office reacted strongly to the 5 October 2014 serious incursion into British Gibraltar Territorial Waters (BGTW) by a Spanish state research vessel. In response to the incident, the Minister for Europe, the Rt Hon David Lidington MP, earlier called Spanish Secretary of State for Foreign Affairs Gonzalo de Benito to express his grave concern.
Monday, October 6th 2014 - 11:45 UTC
Euro zone, an economy struggling against multiple headwinds

A survey measuring business activity in the Euro zone shows the economy remains “stuck in a rut”, according to the company behind the report. The Euro zone purchasing managers index (PMI) fell to 52 in September, down from an initial estimate of 52.3.
Monday, October 6th 2014 - 07:51 UTC
Sao Paulo state, Brazil's largest electoral district delivers solid win for Neves party

The social-democrat (PSDB) governor from the state of Sao Paulo, Brazil's largest electoral district, Geraldo Alckim was re-elected on Sunday with 57,7% of ballots, which ensures a strong spring board for the presidential runoff between president Dilma Rousseff and her PSDB challenger on 26 October, Aecio Neves.
Monday, October 6th 2014 - 07:33 UTC
Italian holdouts, following on Paul Singer, present demand against Argentina

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.
Monday, October 6th 2014 - 07:07 UTC
EU and US advance in trade talks but high barriers remain

Officials from the United States and the European Union say they have made progress as they seek to sweep away trade barriers. Teams from the two sides have held a week of discussions in Chevy Chase, Maryland. If successful an agreement would create the world's biggest free trade zone.
Monday, October 6th 2014 - 06:48 UTC
Spanish fighter jets enter Gibraltar air space in “reckless and dangerous” stunt

Spanish fighter jets illegally entered UK airspace to fly “across the bows” of a British airliner in a “reckless and dangerous” stunt over Gibraltar, according to a report in the Sunday Express.